Monday, January 7, 2008

Indian GDP growth at 9%- Social growth in Question???

India Investment Booms With Third Year of 9% GDP Growth in '08 -Gordon Brown's plane will have barely departed New Delhi's Indira Gandhi International Airport this month before Nicolas Sarkozy's arrives with another contingent of executives seeking opportunities in India's rapidly opening markets. The British prime minister and the French president, separately visiting the week of Jan. 20, are bringing along commercial delegations including retailers Tesco Plc and Carrefour SA, attracted by a burgeoning middle class and loosening curbs on foreign ownership in the nation of 1.1 billion people.
Top Headlines related to India's growth story
Crime rate on decline, but murders up in Delhi
Despite a marginal decline in criminal offences, Delhi continued to be India's crime capital in 2007. A whopping 53,244 criminal cases - including 467 murders, 581 rapes, 1764 dacoity and other heinous crimes - were registered in the city during the year. During the year, the capital also emerged more bloodthirsty compared to 2006 when 462 murders had taken place. The 467 murders in 2007 meant Delhi registered 1.08 percent more killings than the previous year, according to Delhi Police annual crime statistics.
Poverty in India
Poverty line is drawn on the basis of a barest minimum desirable nutritional standards of calorie intake. Nearly half of India's population is estimate to be deprived of this basic minimum standards. People below the poverty line comprise largely those whose consumption is very low and who have little physical resources of production. They are located in the climatically unfavorable regions with extremely low and fluctuating levels of production, income and meagre avenues of gainful employment. The Human Development Report for 2000 has placed India at 128th among 174 poor nations and its population to the extent of 34.6% is poor whereas the 2001 report placed India at 115 among 162 nations and the report for 2002 has now put the country at the 124th place among 173 nations. The 10th Five Year Plan aims to reducing the poverty below 20% in the country by 2007 bringing it down from 26.10% at present.
More to continue on this topic...,

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